Bank of Ireland and AIB to sell off more branches

Bank of Ireland is set to announce a further sell-off of branches later this year, according to informed investment sources, who also said that AIB was examining a possible sale of more branches.

27th January, 2007

Bank of Ireland is set to announce a further sell-off of branches later this year, according to informed investment sources, who also said that AIB was examining a possible sale of more branches.

In October, Bank of Ireland agreed sale and leaseback deals on 36 premises for just under €240 million. Half of the 36 branches were bought by Bernard McNamara, Quinlan Private and Friends First.

The selling prices of the branches reflected yields of between 2.6...

Subscribe from just €1 for the first month!

Currency

What's Included

With any subscription you will have access to

  • 971569B3-2C5E-4C45-B798-CEADE16987A8

    Unlimited multi-device access to our iPad, iPhone and Android Apps

  • 099C8662-C57C-42F2-9426-F2F90DF17C8F

    Unlimited access to our eReader library

  • 198AE43B-B9CF-4892-8769-D63C2104BA08

    Exclusive daily insight and opinion seven days a week

  • D8F37B78-25E4-4E4A-A376-4F5789B1564A

    Create alerts to never miss a subject that matters to you

  • B15F2521-37CD-4E02-B898-730A20D39F7F

    Get access to exclusive offers for subscribers on gifts and experiences

  • A564FE02-1AB8-4579-AF9D-BA32A2E5ACA7

    Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine

Share this post

Related Stories

The year in review

Newsround: What Thursday’s papers say